Common use of Specific Execution Clause in Contracts

Specific Execution. The obligations resulting from this Agreement are subject to specific execution, under the terms of Clause 14.12 above and article 118, §3º, of the Brazilian Corporate Law. The specific execution does not exclude, however, the responsibility of the defaulting party for the losses and damages caused to other parties, establishing that the eventual payment of losses and damages will not be considered as sufficient reparation of the default.